International fashionable card issuing platform Marqeta (NASDAQ:MQ) as we speak introduced a brand new partnership with Scalapay, Southern Europe’s main BNPL supplier, to leverage Marqeta’s platform to challenge playing cards each on-line and in-store.
Marqeta and Scalapay have signed a 5 12 months unique contract, the place Marqeta will challenge digital playing cards for on-line and in-person transactions, making a extra seamless funds expertise for each retailers and shoppers.
The pliability of the Marqeta platform additional enhances the purchasing expertise offered by Scalapay. By leveraging Marqeta’s progressive Simply-in-Time Funding characteristic, as soon as a Scalapay shopper is permitted for his or her mortgage and completes a purchase order, a digital card is immediately created and funded for the precise mortgage quantity.
This card may be instantly used for funds each on-line and in-store by a digital pockets and through the prevailing checkout or POS, thereby increasing exponentially the variety of companions the place clients can finance their purchases.
“We’re continuously looking for new methods to leverage fashionable fee applied sciences with the purpose of making a seamless expertise for our clients. Marqeta’s technical acumen and scalable platform are a great associate for us in supporting our companions to create higher purchasing experiences for his or her clients.” mentioned Simone Mancini, CEO, Scalapay.
Scalapay has seen important momentum because it was based in 2019, and has raised over $727 million in funding to-date.
Marqeta will assist speed up service provider onboarding by lowering friction on the level of sale and making a sooner and extra seamless expertise for his or her finish customers.
“We’ve seen buyer demand for versatile funds proceed to develop, and we’re proud to energy Scalapay as they create extra seamless purchasing experiences for his or her customers and assist their retailers improve adoption,” mentioned Todd Pollak, Chief Income Officer, Marqeta. “As extra firms embrace new checkout choices, we’re well-positioned to proceed our momentum in Europe and work intently with our clients to ship high-quality, progressive funds choices.”